Sunko Ink (Taiwan) Market Value
| 1721 Stock | TWD 16.65 0.35 2.15% |
| Symbol | Sunko |
Sunko Ink 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sunko Ink's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sunko Ink.
| 12/30/2023 |
| 12/24/2024 |
If you would invest 0.00 in Sunko Ink on December 30, 2023 and sell it all today you would earn a total of 0.00 from holding Sunko Ink Co or generate 0.0% return on investment in Sunko Ink over 360 days. Sunko Ink is related to or competes with Formosa Plastics, Formosa Chemicals, China Steel, Formosa Petrochemical, and Cathay Financial. Sunko Ink Co., Ltd. processes, manufactures, and trades in resins and special chemicals in Taiwan, the United States, an... More
Sunko Ink Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sunko Ink's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sunko Ink Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.94 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 2.47 |
Sunko Ink Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunko Ink's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunko Ink's standard deviation. In reality, there are many statistical measures that can use Sunko Ink historical prices to predict the future Sunko Ink's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 5.93 |
Sunko Ink Backtested Returns
Sunko Ink owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.22, which indicates the firm had a -0.22% return per unit of risk over the last 3 months. Sunko Ink Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sunko Ink's Coefficient Of Variation of (567.73), variance of 8.85, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The entity has a beta of -0.0901, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sunko Ink are expected to decrease at a much lower rate. During the bear market, Sunko Ink is likely to outperform the market. At this point, Sunko Ink has a negative expected return of -0.62%. Please make sure to validate Sunko Ink's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Sunko Ink performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Sunko Ink Co has poor reverse predictability. Overlapping area represents the amount of predictability between Sunko Ink time series from 30th of December 2023 to 27th of June 2024 and 27th of June 2024 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sunko Ink price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Sunko Ink price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 12.29 |
Sunko Ink lagged returns against current returns
Autocorrelation, which is Sunko Ink stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sunko Ink's stock expected returns. We can calculate the autocorrelation of Sunko Ink returns to help us make a trade decision. For example, suppose you find that Sunko Ink has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sunko Ink regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sunko Ink stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunko Ink stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunko Ink stock over time.
Current vs Lagged Prices |
| Timeline |
Sunko Ink Lagged Returns
When evaluating Sunko Ink's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunko Ink stock have on its future price. Sunko Ink autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sunko Ink autocorrelation shows the relationship between Sunko Ink stock current value and its past values and can show if there is a momentum factor associated with investing in Sunko Ink Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Sunko Stock Analysis
When running Sunko Ink's price analysis, check to measure Sunko Ink's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sunko Ink is operating at the current time. Most of Sunko Ink's value examination focuses on studying past and present price action to predict the probability of Sunko Ink's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunko Ink's price. Additionally, you may evaluate how the addition of Sunko Ink to your portfolios can decrease your overall portfolio volatility.